Nilsine Partners LLC Increases Position in Alphabet Inc. (NASDAQ:GOOG)

Nilsine Partners LLC boosted its holdings in Alphabet Inc. (NASDAQ:GOOG) by 48.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 24,203 shares of the information services provider’s stock after purchasing an additional 7,922 shares during the period. Nilsine Partners LLC’s holdings in Alphabet were worth $4,609,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. Berkshire Bank raised its position in shares of Alphabet by 32.6% in the 4th quarter. Berkshire Bank now owns 7,382 shares of the information services provider’s stock valued at $1,406,000 after purchasing an additional 1,815 shares in the last quarter. Cherry Creek Investment Advisors Inc. raised its holdings in Alphabet by 263.0% in the fourth quarter. Cherry Creek Investment Advisors Inc. now owns 9,571 shares of the information services provider’s stock valued at $1,823,000 after acquiring an additional 6,934 shares in the last quarter. Lebenthal Global Advisors LLC boosted its stake in Alphabet by 6.4% during the 4th quarter. Lebenthal Global Advisors LLC now owns 2,260 shares of the information services provider’s stock valued at $430,000 after acquiring an additional 135 shares during the last quarter. Foundations Investment Advisors LLC grew its holdings in Alphabet by 17.1% during the 4th quarter. Foundations Investment Advisors LLC now owns 22,010 shares of the information services provider’s stock worth $4,192,000 after acquiring an additional 3,216 shares in the last quarter. Finally, tru Independence LLC increased its position in shares of Alphabet by 5.4% in the 4th quarter. tru Independence LLC now owns 2,735 shares of the information services provider’s stock worth $521,000 after purchasing an additional 141 shares during the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Insider Buying and Selling at Alphabet

In other Alphabet news, Director Frances Arnold sold 441 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $171.06, for a total value of $75,437.46. Following the completion of the sale, the director now directly owns 16,490 shares in the company, valued at $2,820,779.40. This represents a 2.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Amie Thuener O’toole sold 2,834 shares of Alphabet stock in a transaction on Monday, December 16th. The shares were sold at an average price of $197.55, for a total value of $559,856.70. Following the transaction, the chief accounting officer now owns 20,681 shares in the company, valued at approximately $4,085,531.55. This trade represents a 12.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 121,630 shares of company stock valued at $22,258,133. Company insiders own 12.99% of the company’s stock.

Wall Street Analysts Forecast Growth

GOOG has been the subject of a number of research reports. Citigroup lifted their price target on Alphabet from $212.00 to $216.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. boosted their price target on Alphabet from $208.00 to $212.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. UBS Group raised their price objective on Alphabet from $187.00 to $192.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Scotiabank boosted their target price on shares of Alphabet from $212.00 to $240.00 and gave the company a “sector outperform” rating in a research note on Friday, January 24th. Finally, Seaport Res Ptn upgraded shares of Alphabet from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 29th. Six research analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $206.69.

Alphabet Stock Up 2.8 %

GOOG opened at $202.63 on Friday. The stock’s 50 day moving average price is $189.03 and its 200 day moving average price is $175.35. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95. The stock has a market cap of $2.48 trillion, a P/E ratio of 26.87, a P/E/G ratio of 1.27 and a beta of 0.99. Alphabet Inc. has a 12 month low of $131.55 and a 12 month high of $203.84.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.29. The company had revenue of $88.27 billion for the quarter, compared to analyst estimates of $86.39 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The company’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same period last year, the company earned $1.55 earnings per share. As a group, research analysts predict that Alphabet Inc. will post 8.02 earnings per share for the current year.

Alphabet Company Profile

Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.